In 2016, the film and television industry entered an adjustment period. The profit growth rate of many film and television listed companies slowed down

reporter statistics found that, compared with the great progress in 2015, as the market entered an adjustment period, the net profit growth rate of some companies began to decline last year. Many companies have said that this is related to the adjustment period of the film and television industry last year.

original title: the profit growth rate of a number of listed film and television companies slowed down last year

coincided with the period when domestic film and television listed companies focused on releasing their 2016 performance reports. a number of listed film and television companies, including Wanda Cinema, Huayi Brothers, Light Media, Huatze Film and Television, and Tangde Film and Television, have all released KuaiBao's annual results. According to the reporter's statistics, compared with the great progress in 2015, the net profit growth of some companies began to decline last year as the market entered a period of adjustment.

among the film and television listed companies that have announced the results of KuaiBao, Wanda Cinema has surpassed other film and television listed companies with a net profit of 1.364 billion yuan to become the company with the largest net profit, but even so, its profit increased by 15.05%, which is significantly slower than the 48.04% year-on-year growth set in 2015. It is also worth noting that this is not an exception. New Culture's net profit increased by 6.86% in 2016 compared with the same period last year, but the company's net profit in 2015 increased by 104.52%. The company's net profit increased by 21.9% in 2015. In addition, Huayi Brothers' net profit fell 17.19% in 2016 compared with the same period a year earlier.

in the face of a slowdown in growth or even a decline in net profit, many companies have said that this is related to the adjustment period of the film and television industry last year. Among them, Huayi Brothers said the decline was due to the lower-than-expected overall growth rate of the film and television entertainment industry in 2016, highlighted by the cliff drop in box office growth, from 48.7% in 2015 to 3.7% in 2016.

Public data show that the film box office market, which had maintained a growth rate of more than 40% for five consecutive years, suddenly slammed on the brakes in 2016, showing negative box office growth not only in seven months of the whole year, but also in many popular periods, including the National Day film. the box office of many films finally fell short of expectations. In the view of Xu Shan, an investment analyst, given the performance of the overall market last year, it will undoubtedly have a certain impact on the performance of film-related companies, especially those that specialize in the film business. On the other hand, at the present stage, many film and television companies are laying out new business to build a variety of business formats, and the development of new business also requires a certain amount of investment, and it also takes a period of time to achieve a stable performance return. this creates pressure on the company's performance to a certain extent.

from the box office performance so far this year, we can see that the box office achieved a total of about 11 billion yuan in the first two months, a slight increase over 10.7 billion yuan in the same period last year, but since the Spring Festival this year, the State Film Special Resources Office has included the agency service fee charged by the online ticket purchase platform in the box office statistics, which means that if the service fee is excluded, the box office performance in the first two months will be lower than that in the same period last year. Industry insiders believe that the audience's demand for films is gradually increasing, and the film market has entered an adjustment period so that the performance of film and television listed companies is not a bad thing, but can squeeze out the market bubble and sound the alarm for film and television companies. "although film and television companies can broaden their revenue channels through the layout of diversified businesses, film and television companies still have a foothold in the market based on high-quality content, which is also the basis of other businesses of derivative companies, otherwise it is difficult to guarantee their future development." Xu Shan said.

Edit: nancy